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What Is Your Worst Business Investment And How Much Did You Lose? - Business (9) - Nairaland

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Re: What Is Your Worst Business Investment And How Much Did You Lose? by collins07(m): 8:30pm On Nov 19, 2018
Hexzagon:

all these we have in common except for the NSE which I am planing on doing a research on before I ventured next year. please can you shed light on your experience so I could learn from it if I eventually make up my mind.
DON'T TRY nse,there is no provision for investor to regain their money back once d company u bought it's stock fold up.Nigerua Government is a Bleep,they don't protect their citizen in case if such stock failed unlike western worlds.d management of d failed company will go to court and got out in short time while ur money is gone.
I invested over 500k since 2009,banks folds up one after d other,Skye bank is d latest.all my investment since 2009 gone and no compensation from DMO or government.

14 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Neldrizzy(m): 8:30pm On Nov 19, 2018
Tallesty1:
Thanks bro
Longest time bro... I need your contact
Re: What Is Your Worst Business Investment And How Much Did You Lose? by TechCapon(m): 8:31pm On Nov 19, 2018
hahn:


grin

You see? Instead of wasting my time lamenting that it's the devil or praying to god to solve my problems the issue is tackled instead with logic

grin
you make 10k daily. I wish I could make half of that on my blog.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by richie9093(m): 8:32pm On Nov 19, 2018
karferguso:

I know what a chip is, I actually sold one of the phones with one. But chip unlocked phones are sold cheaper and are in fact harder to sell than factory unlocked ones

They aren't really cheaper to sell. it's the way you choose to market and package the products.

I know people who are selling iPhone XS for ₦450k even with the chip and not factory unlocked. All you just need to do is give people assurance and package it better.

You can even throw some half truths in and tell them sometimes the factory unlocked phones choose Sims to work on (which is true in itself) but with the chip, it's flexible.

Baba, Na business you dey do oo. Package you business well. Don't just be dishonest in your dealings (I mean don't swerve or scam people and be open to giving warranties).

13 Likes 2 Shares

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Krakboi(m): 8:33pm On Nov 19, 2018
Would really like to know more about this website and SEO thing bro... Hit me back
hahn:
What happened to me this year sef just get as e be.

So I was finally making N25k daily from my website and saved more than N1m and decided to hire a professional SEO company to handle my seo so that I can rank for more keywords and make more money. My target is to make 100k+ daily which is actually what my competition make.

The SEO company charged N150k per month and on the first month we found out that Google had penalized my site because of a Yoast plugin issue. With the Yoast plugin new update they was an option which was usually turned off by default but was on with the new update and thus pages were created automatically using images and no content. Coincidentally Google's new algo or whatever just came out and in it included a rule against pages with only images. And thus I was bleeped.

You can read more about the Yoast issue here https://charlesfloate.co.uk/yoast-mess-up. Many people were affected by this issue. If you go through the comments you will see one guy complaining about how he went from $1,000 per month to $100 because of his drop in traffic.

Also the seo company discovered that for some reason my backlinks created to my website were being removed so now I had to pay for on-site seo and also backlinks. To cut the long story short I spent all my savings trying to resolve this issue and I am still working on building more backlinks.

Daily income has gone down to N5k-N10k daily and yes I am royally bleeped because I have to fuel my gen and run it for 24 hours as we barely have power here. Nepa did not even blink the light throughout the weekend and as I write this the generator is on and making noise. Data, feeding, diapers, baby food etc sef dey there but we are managing.

I don't even know what to call this one. Whether bad investment or simply bad luck but thought to share.

By the way, based on the kind of person I am due to the low traffic I was getting and free time I got I used that spare time to build 3 new websites and now I am working on building them to profitability. Man never back down cool
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Nobody: 8:33pm On Nov 19, 2018
cant 4get how I lost ova 200k in EBN 2 years ago. still Neva recover from dah loss
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Santinojr: 8:34pm On Nov 19, 2018
hahn:
What happened to me this year sef just get as e be.

So I was finally making N25k daily from my website and saved more than N1m and decided to hire a professional SEO company to handle my seo so that I can rank for more keywords and make more money. My target is to make 100k+ daily which is actually what my competition make.

The SEO company charged N150k per month and on the first month we found out that Google had penalized my site because of a Yoast plugin issue. With the Yoast plugin new update they was an option which was usually turned off by default but was on with the new update and thus pages were created automatically using images and no content. Coincidentally Google's new algo or whatever just came out and in it included a rule against pages with only images. And thus I was bleeped.

You can read more about the Yoast issue here https://charlesfloate.co.uk/yoast-mess-up. Many people were affected by this issue. If you go through the comments you will see one guy complaining about how he went from $1,000 per month to $100 because of his drop in traffic.

Also the seo company discovered that for some reason my backlinks created to my website were being removed so now I had to pay for on-site seo and also backlinks. To cut the long story short I spent all my savings trying to resolve this issue and I am still working on building more backlinks.

Daily income has gone down to N5k-N10k daily and yes I am royally bleeped because I have to fuel my gen and run it for 24 hours as we barely have power here. Nepa did not even blink the light throughout the weekend and as I write this the generator is on and making noise. Data, feeding, diapers, baby food etc sef dey there but we are managing.

I don't even know what to call this one. Whether bad investment or simply bad luck but thought to share.

By the way, based on the kind of person I am due to the low traffic I was getting and free time I got I used that spare time to build 3 new websites and now I am working on building them to profitability. Man never back down cool
Please bro ,I'll really appreciate it if you can give me ur contact ( Your Facebook handle is okay). I really need someone to put me through on website development... Thanks
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Nobody: 8:35pm On Nov 19, 2018
Well earlier this year lost mine to BUHARIA AND BAD CORRUPT GOVERNMENT, CORRUPT JUDICIAL SYSTEM AND A PROVE TO ME THEY DELIBERATELY DON'T WANT NIGERIA TO MOVE FORWARD

I INVESTED IN ELECTRICITY GENERATION....

BOUGHT ENOUGH GENERATOR AND SOLAR PANEL TO POWER @LEAST A COMMUNITY AND GIVE THEM 17HRS ELECTRICITY A DAY.... I went to NERC(NATIONAL ELECTRICITY REGULATORY COMMISSION) got a permit and started generating just after a month EEDC lost that community to my own electricity... The next thing same NERC that gave me permit now came am ask me to get a LICENSE INSTEAD but their rule said u can only be given a license if you're generating enough power to serve a STATE but anything below that is ordinary PERMIT from them....I went to court nothing came out of it....and the LICENSE IS ABOUT #200,000 000

MY INVESTMENT WAS ABOUT #17MILLION

FROM THAT DAY I KNEW FOR SURE NIGERIA WAS NEVER DESIGNED TO PROGRESS.... ITS NOT ABOUT CANDIDATES OR PARTY its about the FOUNDATION ON WHICH NIGERIA WAS FORGED. I sold all my machinary, wires, poles and solar panels... And went back to CIVILIZATION and I will never step foot in Nigeria again till we get BIAFRA

WHEN KANU SHOUTS NO VOTING IT SEEMS ITS ALL ABOUT BIAFRA HE'S ACTUALLY TRYING TO GIVE YOU PEOPLE YOUR POWER BACK.... BECAUSE ALL THE POLITICIANS ARE THE SAME....ALL THEY CARE IS GET YOUR PVC... GET YOUR PVC LETS VOTE HIM OUT AND VOTE THE OTHER IN, AT THE END OF THE DAY.... THEY WILL ALL MOVE IN TO RULING PARTY AND RECONTEST... AM SORRY AM SOUNDING POLITICAL BUT ITS THE CAUSE AND THE REASON 90% OF YOUNG BUSINESSES HAS FAILED IN NIGERIA

108 Likes 20 Shares

Re: What Is Your Worst Business Investment And How Much Did You Lose? by QBA2DWORLD(m): 8:37pm On Nov 19, 2018
spiritedtete:
Trusting and investing in people and their businesses

Lost 1 m USD
80m naira
30m
16m ... And the least goes on and on down to even 150k.

Never will I trust anyone with my money Never not even my Father (even when I know his is a good man)

This thread just brought the anger in me.

Awon oloriburuku!!!

What!?!? You lost $1m? You mind sharing how it happened?

2 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by richie9093(m): 8:37pm On Nov 19, 2018
[quote author=Agp19 post=73121445][/quote]

Go to computer village and tell them you need magic chips for iPhone. Also tell them the range of phones you want to use them on.

some can support as far as iPhone 7 while some support up to the latest which is XS Max.

And when you buy it at Computer Village, test it there before you leave. very important.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Adesuntim95(m): 8:37pm On Nov 19, 2018
Generalkorex:
I made money from redesigning blogger blog for people, I charge very low compared to what those big names charge, plus the one I made from my saving then,I was working as a teacher and do extra lesson too.l invested in liberty reserve earning Small Small from buying at I the rate of 160 and sell for 165/dollars.It was going smoothly,then a friend introduced me to a platform where you can transfer liberty reserve fund to payza acount and earn profit.it was making sense at first until i transfered 3k liberty reserve. and feu the company disappeared.the guy i was buying the liberty reserve from his hand said he saw it coming but his selfishness to sell his fund didnt allow him to caution me.My money, My brother's money all gone.



While I was still trying to track the website liberty reserve closed down cry

--------------------------------------------------------++++++
I bounced back made some money from Mtn magic sim then. I was selling magic Sims and also selling the guide.I was only 18 years then.I want to study abroad, I sold the blog for almost 100k,add some money from my savings to it only to lose d money to travel agent. The greatest mistake I made was selling my blog and some domain name.I almost cried writing this. Never made such money since then.I pray I bounce back. I have learned a lot sha.experience they say is the best teacher

Evaluated experience is the best teacher.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by AfriSurvey: 8:40pm On Nov 19, 2018
Very interesting thread here. Wishing everyone here the best in your various good quests.




Meanwhile

Click here to See how to Invest in Afrisurvey now.

1 Like

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Purplekush(m): 8:40pm On Nov 19, 2018
as a 28 yr old who was fresh out of service. I started online buisness with my blog and was raking in 250 to 300k plus per month. after like 3 months the income rose to 1mil plus and even 2.some in some months.

Then I started trying out new investments...

LONG STORY SHORT: lost 800k to MMM. By Feb when MMM was confirmed to have crashed, I went ahead to lose another 1 Million naira and 6 months trying to set up another online business.

The painful part was not the 6 months of no income but the bad timing.

because, I had already paid for some plots of land before then. Paid for my new apartment. Was about making down payment for a new Corolla 2015 model when MMM crashed... and the investment started acting funny.

I was TOTALLY SCREWED!

I come lose lappy wey I buy 250k then Acer V Nitro. I was so depressed the only thing that kept me from SUICIDE was MaryJane. I owe my life to her smiley

But then I was able to cash out around 300k plus on the 1mil investment and I am currently on another HOT NICHE and just 2 months in it i am glad to say I now make at least 9 to 15k a day.

By God's grace and if this one goes well, I should be hitting 7figures per month from next year. INSHA ALLAH! AMEN.

Nothing beats losing money to some yeye deal. It brings out the adrenaline in you.

WORD OF ADVICE TO ALL STARTERS: think Internet business. It's cheap to start and gives you room to make mistakes with less financial loses. Besides, the ROI is totally insane!

I used to have a set of video courses for pple who are always asking "show me the way" but then nobody wants to put in work. Most peeps just want free money.

81 Likes 7 Shares

Re: What Is Your Worst Business Investment And How Much Did You Lose? by spiritedtete: 8:42pm On Nov 19, 2018
timsucess:


Nice knowing they are people around who prioritizes helping people
wish I can get such a helper

You will get help when... You work in right direction and in wisdom.

That is what is called "time meets opportunity"

Sadly it's not easy to get help.in Nigeria as I have seen most hang outs.. friends... End up being a competition to themselves.
I think it's a black mentality too.

We (blacks) seldom help each other because we want to feel superior to our fellows..

When you do 15mins with majority of whites... You will hear hey.. "I know someone who can".. "take my card"... Or 'there this stuff I did like you to do for me".. " how can I "

Black will only gossip.. Talk about butts... Latest shoes etc.

36 Likes 2 Shares

Re: What Is Your Worst Business Investment And How Much Did You Lose? by adakoleagbenu: 8:44pm On Nov 19, 2018
wow
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Paulpaulpaul(m): 8:45pm On Nov 19, 2018
Spain007:


U got me laughing out loud with ur words A for Apple, B for ball...it's well bro NoPain no Gain

It's funny but truly not cool. I hope to get my life back on track before it's too late. I practically ran from Abuja and Lagos because my financial status now is too poor for those places

2 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by doggedfighter(f): 8:45pm On Nov 19, 2018
twlover:
Poultry Farming.

I invested approximately N12m in building a poultry for layers. Mistake I made was I buying 1 Acre of land which cost me N4M to fence, built Pen house with N3.5M,built a 5 bedroom farm house with about N3m, constructed a concrete scaffolding (with 2 standard rooms, one as store the other as Gen. House) to mount the water tanks for N1.5m

Having done all these, I struggled to get 600 layers, the rest is history.

I have put that property up for sale

Interested buyers are free to send me PM

OMG, I'm feeling this loss from here.

3 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Wiinnd(m): 8:48pm On Nov 19, 2018
Ndubuisipaul1:


After reading you comment tears roll through my eyes .
How can a young man like me be mentioning that he lost this huge amount of money in this same country that I have struggled all through my life.

unless you are lying but if not, you must be from a well to do home. or you are one of those few lucky ones .because for me the maximum investment that I lost in my 30th year of age is less than 10000 ( ten thousand) I invested on selling phone charger
in fact I have never had 50000 ( fifty thousand ) whole as my money in my account for the first time in my life.
I know some people case are even worse.
You need grace to work for you

1 Like

Re: What Is Your Worst Business Investment And How Much Did You Lose? by gift01: 8:48pm On Nov 19, 2018
Leo10000:

please can you throw more light on the poultry aspect,how did you loose out?
you don't wanna go there. What I learnt is when it comes to Livestock, if u don't know it very well pls leave it alone
Re: What Is Your Worst Business Investment And How Much Did You Lose? by timsucess(m): 8:50pm On Nov 19, 2018
spiritedtete:


You will get help when... You work in right direction and in wisdom.

That is what is called "time meets opportunity"

Sadly it's not easy to get help.in Nigeria as I have seen most hang outs.. friends... End up being a competition to themselves.
I think it's a black mentality too.

We (blacks) seldom help each other because we want to feel superior to our fellows..

When you do 15mins with majority of whites... You will hear hey.. "I know someone who can".. "take my card"... Or 'there this stuff I did like you to do for me".. " how can I "

Black will only gossip.. Talk about butts... Latest shoes etc.

Yes it's true
hope I can get a help from you
Am a fresh graduate

1 Like

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Paulpaulpaul(m): 8:50pm On Nov 19, 2018
Purplekush:
as a 28 yr old who was fresh out of service. I started online buisness with my blog and was raking in 250 to 300k plus per month. after like 3 months the income rose to 1mil plus and even 2.some in some months.

Then I started trying out new investments...

LONG STORY SHORT: lost 800k to MMM. By Feb when MMM was confirmed to have crashed, I went ahead to lose another 1 Million naira and 6 months trying to set up another online business.

The painful part was not the 6 months of no income but the bad timing.

because, I had already paid for some plots of land before then. Paid for my new apartment. Was about making down payment for a new Corolla 2015 model when MMM crashed... and the investment started acting funny.

I was TOTALLY SCREWED!

I come lose lappy wey I buy 250k then Acer V Nitro. I was so depressed the only thing that kept me from SUICIDE was MaryJane. I owe my life to her smiley

But then I was able to cash out around 300k plus on the 1mil investment and I am currently on another HOT NICHE and just 2 months in it i am glad to say I now make at least 9 to 15k a day.

By God's grace and if this one goes well, I should be hitting 7figures per month from next year. INSHA ALLAH! AMEN.

Nothing beats losing money to some yeye deal. It brings out the adrenaline in you.

WORD OF ADVICE TO ALL STARTERS: think Internet business. It's cheap to start and gives you room to make mistakes with less financial loses. Besides, the ROI is totally insane!

I used to have a set of video courses for pple who are always asking "show me the way" but then nobody wants to put in work. Most peeps just want free money.


I'm ready to learn something that will change my financial status. I read from page 1-20 yesterday on that millionaire thread and got challenged. I believe the failures are mere clog

2 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Nobody: 8:54pm On Nov 19, 2018
yettymuse:
I've never made a bad investment. I'm always hesitant in trying my cash on new business.. It's safe to say I'm not a risk taker lipsrsealed
to be become great, u have to take risk.

7 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by gift01: 8:56pm On Nov 19, 2018
Purplekush:
as a 28 yr old who was fresh out of service. I started online buisness with my blog and was raking in 250 to 300k plus per month. after like 3 months the income rose to 1mil plus and even 2.some in some months.

Then I started trying out new investments...

LONG STORY SHORT: lost 800k to MMM. By Feb when MMM was confirmed to have crashed, I went ahead to lose another 1 Million naira and 6 months trying to set up another online business.

The painful part was not the 6 months of no income but the bad timing.

because, I had already paid for some plots of land before then. Paid for my new apartment. Was about making down payment for a new Corolla 2015 model when MMM crashed... and the investment started acting funny.

I was TOTALLY SCREWED!

I come lose lappy wey I buy 250k then Acer V Nitro. I was so depressed the only thing that kept me from SUICIDE was MaryJane. I owe my life to her smiley

But then I was able to cash out around 300k plus on the 1mil investment and I am currently on another HOT NICHE and just 2 months in it i am glad to say I now make at least 9 to 15k a day.

By God's grace and if this one goes well, I should be hitting 7figures per month from next year. INSHA ALLAH! AMEN.

Nothing beats losing money to some yeye deal. It brings out the adrenaline in you.

WORD OF ADVICE TO ALL STARTERS: think Internet business. It's cheap to start and gives you room to make mistakes with less financial loses. Besides, the ROI is totally insane!

I used to have a set of video courses for pple who are always asking "show me the way" but then nobody wants to put in work. Most peeps just want free money.
send the videos

1 Like

Re: What Is Your Worst Business Investment And How Much Did You Lose? by sircrabo: 9:01pm On Nov 19, 2018
Ndubuisipaul1:


After reading you comment tears roll through my eyes .
How can a young man like me be mentioning that he lost this huge amount of money in this same country that I have struggled all through my life.

unless you are lying but if not, you must be from a well to do home. or you are one of those few lucky ones .because for me the maximum investment that I lost in my 30th year of age is less than 10000 ( ten thousand) I invested on selling phone charger
in fact I have never had 50000 ( fifty thousand ) whole as my money in my account for the first time in my life.
I know some people case are even worse.

Relax Bro, everyone has his/her time. when yours come, people will doubt you when you tell them abt your past struggles

14 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Nobody: 9:03pm On Nov 19, 2018
Mine is happening now, i rent a shop for 276k, stock with provisions and photocopy business beside, unfortunately the shop is not open enough, my rent will expire on 26 of this month, i didn't even make up 20k profits there, almost 600k going now.

12 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by doggedfighter(f): 9:07pm On Nov 19, 2018
oneluv11:
.

I can give u 2odds every day.
.

just try me bro



99.9% sure




Seems you people will not rest unless you ruin him. Ok na.

17 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by dammywizzy: 9:11pm On Nov 19, 2018
hahn:
What happened to me this year sef just get as e be.

So I was finally making N25k daily from my website and saved more than N1m and decided to hire a professional SEO company to handle my seo so that I can rank for more keywords and make more money. My target is to make 100k+ daily which is actually what my competition make.

The SEO company charged N150k per month and on the first month we found out that Google had penalized my site because of a Yoast plugin issue. With the Yoast plugin new update they was an option which was usually turned off by default but was on with the new update and thus pages were created automatically using images and no content. Coincidentally Google's new algo or whatever just came out and in it included a rule against pages with only images. And thus I was bleeped.

You can read more about the Yoast issue here https://charlesfloate.co.uk/yoast-mess-up. Many people were affected by this issue. If you go through the comments you will see one guy complaining about how he went from $1,000 per month to $100 because of his drop in traffic.

Also the seo company discovered that for some reason my backlinks created to my website were being removed so now I had to pay for on-site seo and also backlinks. To cut the long story short I spent all my savings trying to resolve this issue and I am still working on building more backlinks.

Daily income has gone down to N5k-N10k daily and yes I am royally bleeped because I have to fuel my gen and run it for 24 hours as we barely have power here. Nepa did not even blink the light throughout the weekend and as I write this the generator is on and making noise. Data, feeding, diapers, baby food etc sef dey there but we are managing.

I don't even know what to call this one. Whether bad investment or simply bad luck but thought to share.

By the way, based on the kind of person I am due to the low traffic I was getting and free time I got I used that spare time to build 3 new websites and now I am working on building them to profitability. Man never back down cool
Hello bro pls can I have your WhatsApp contact? I want to discuss some issues with you pls
Re: What Is Your Worst Business Investment And How Much Did You Lose? by freezyprinzy(m): 9:12pm On Nov 19, 2018
richie9093:


Instead of going for the software unlock, you could have just bought a chip to be using on the iPhones.

a chip costs just ₦5,000 in computer village. and even cheaper sef if you buy in bulk (total cost would be spread to about ₦3k5 to ₦4k)

Anyhow sha, I'm sure you didn't know about that. We learn everyday

I have attached what a SIM chip looks like.
bro can I use ussd code when using chip on an iPhone .
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Krakboi(m): 9:12pm On Nov 19, 2018
Sorry G! Would like to talk about the phone business as its something I'm interested in.... Shoot back
karferguso:
I had a mild loss this year
I imported some iPhones earlier this year to reselll but mumu me did not do due diligence on their unlock status. I ended up buying 3 locked phones spent like 60k+ to unlock 2 of them. I sold the last one like that. All in all, I made loss of around 20k and that’s because I bought very cheap if not, I for hear am. But I understand that was a learning curve. Hopefully, I won’t make that kind of mistake again

1 Like

Re: What Is Your Worst Business Investment And How Much Did You Lose? by nextstep(m): 9:12pm On Nov 19, 2018
Dollypizzle13:

wawuu. I'm a newbie in cryptocurrency and I learnt that you can never lose your money and that if you do you'd still gain the amount back if not double. Is that true? And have you earned your money back?

Currently, speculating on cryptocurrency is a gamble. The most famous of them (bitcoin) went from about $1000 in early 2017, to $18,000! by December 2018. Then it crashed to about $6500 by May 2018, and as of mid-November, just fell steeply again to $4500. Of course, people only see the incredible rise in 2017, but forget that it's very volatile. Some people were very very lucky, but as with these things, you have to get in the game very early.

You can lose money - and many many people lost money. You have no control over what it will be within one month. I do not advice it, and anybody promising anything (including getting your capital back) is shitting you.

22 Likes 2 Shares

Re: What Is Your Worst Business Investment And How Much Did You Lose? by cutegentility(m): 9:13pm On Nov 19, 2018
I lost my money to IQ Option. I laid my foot on this gambling game, lo and behold I lost all my investment. I wait for month to finish Monty no gree finish o. Nah God mercy man pikin dey tk waka o.

7 Likes 3 Shares

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